Marriott International Nominates Steven S Reinemund to the Company's Board of Directors
WASHINGTON, March 13, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The board of directors of Marriott International, Inc. (NYSE: MAR) has nominated Steven S Reinemund to the Marriott board, effective April 27, 2007, pending approval by the company's shareholders at Marriott International's annual meeting to be held that day. Mr. Reinemund is currently executive chairman of the board of PepsiCo, Inc., a publicly held global snack and beverage company. He is retiring from that position effective May 2, 2007.
J.W. Marriott, Jr., Marriott International chairman and chief executive officer, said, "Steve Reinemund will bring to Marriott tremendous expertise in expanding a major global brand to worldwide preeminence, both as chief executive and as a hands-on top operating officer. We are delighted that he has agreed to join our board."
Mr. Reinemund served in a number of positions with PepsiCo since beginning his career there in 1984, including chairman and chief executive officer from May 2001 through September 2006 and president and chief operating officer from September 1999 until May 2001. Mr. Reinemund was elected a director of PepsiCo in 1996. He is also a director of Johnson & Johnson, a public company engaged in the manufacture and sale of healthcare products. Mr. Reinemund is chairman of the National Minority Supplier Development Council and a director of the Unites States Naval Academy Foundation.
Upon approval by Marriott International shareholders, Mr. Reinemund will become the company's eleventh director. He has not yet been assigned to board committees.
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading lodging company with more than 2,800 lodging properties in the United States and 67 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons by Marriott Vacation Club, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and had approximately 151,000 employees at 2006 year-end. It is ranked as the lodging industry's most admired company and one of the best places to work for by FORTUNE(R). The company is also a 2006 U.S. Environmental Protection Agency (EPA) ENERGY STAR(R) Partner. In fiscal year 2006, Marriott International reported sales from continuing operations of $12.2 billion. For more information or reservations, please visit our web site at http://www.marriott.com.
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SOURCE Marriott International, Inc.
Tom Marder of Marriott International, Inc., +1-301-280-2553, thomas.marder@marriot.com
http://www.marriott.com
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